Kevin R. Morano - May 13, 2021 Form 4 Insider Report for Golden Minerals Co (AUMN)

Role: Director
Signature: /s/Robert P. Vogels for Kevin R. Morano Pursuant to Power of Attorney
Stock symbol: AUMN
Transactions as of: May 13, 2021
Transactions value $: $0
Form type: 4
Date filed: 5/14/2021, 01:43 PM
Next filing: May 31, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	AUMN	Restricted Stock Units	Award	$0	+50K	+8.51%	$0.00	637K	May 13, 2021	Common Stock	50K		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each Restricted Stock Unit represents a contingent right to receive one share of Golden Minerals Company common stock. The Restricted Stock Units will vest on the first to occur of (i) the first anniversary of the grant date and (ii) a Change of Control as defined in Golden Minerals Company's 2009 Equity Incentive Plan.
F2	Shares of common stock represented by vested Restricted Stock Units will be issued to the reporting person effective on the date on which the reporting person ceases to be a member of the Board of Directors of Golden Minerals Company.